The Week Ahead: Numis predicts losses for Tui Travel, easyJet and Thomas Cook
Monday 12 May 2014
It’s a busy week for leisure as TUI Travel, easyJet and Thomas Cook all announce half-year results.
Wyn Ellis at Numis predicts an underlying loss of £300m at TUI Travel and £58m for easyJet, with both due Wednesday, while Thomas Cook could be £190m in the red on Thursday. An update on summer bookings is expected from all three.
It is a quiet start to the week today with a trading statement from the IT services firm Capita and half-year numbers from the technical products group Diploma.
Paddy Power has trading snapshot out tomorrow, with possible news on how it will respond to the incoming crackdown on fixed-odds betting machines. Ivor Jones at Numis thinks the tax hike could cut earnings by 25 per cent.
Turning to media, this week sees updates from ITV, Trinity Mirror and UTV, with mixed results expected. Trinity Mirror, which publishes the Daily Mirror and regional newspapers, is under pressure to show progress on Thursday, with revenue, advertising and circulation having suffered falls. UTV, reporting the same day, and ITV, on Wednesday, are expected to be strong thanks in part to World Cup advertising.
The UK GDP forecast, out on Wednesday, is set to be strong once again. Inflation and unemployment figures are also released that day, with Jobcentre queues expected to have shortened.
The car insurer Admiral, the catering group Compass, London Mining and the media group Tarsus have mid-week trading updates too.
Thursday brings full year figures from Land Securities, the waste management company Shanks, talktalk and Vedanta Resources.
The London Stock Exchange is expected to report a rise in profits, with a significant growth in primary markets.
On Friday, the bottle-maker Coca-Cola Hellenic and product-tester Intertek both talk to investors. Coca-Cola Hellenic’s sales could be hit by the tensions between Russia and Ukraine, with 18.8 per cent of trade coming from Russia last year.
The construction companies Henry Boot and Bovis Homes also report, with an increase in sales and prices hoped for.
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